Article 24 of the Saudi Counter-Terrorism Law Implementing Regulations
المادة 24 من اللائحة التنفيذية لنظام مكافحة جرائم الإرهاب وتمويله
The article requires the foreign counterpart's permission before passing on or using its supervisory information, and allows the supervisory authority to make inquiries on its behalf or enable it to do so for consolidated supervision.
Official text (Arabic)
This article has not been amended since the law was issued.
1- في الحالات التي تحصل فيها الجهة الرقابية من جهة أجنبية نظيرة على معلومات لأغراض رقابية وفقاً للفقرة (5) من المادة (الثانية والثمانين) من النظام، فعلى الجهة الرقابية الحصول على إذن من تلك الجهة الأجنبية النظيرة قبل إحالة تلك المعلومات أو استخدامها. وفي حال كانت الجهة الرقابية ملزمة بالإفصاح أو الإبلاغ عن المعلومات، فعليها إبلاغ الجهة الأجنبية النظيرة بهذا الالتزام فوراً.
2- للجهة الرقابية على المؤسسات المالية -تنفيذاً للفقرة (5) من المادة (الثانية والثمانين) من النظام- القيام بإجراء استعلامات نيابة عن الجهات الأجنبية النظيرة، وللجهة الرقابية -إن رأت مصلحة في ذلك- تفويض تلك الجهات أو التسهيل لها بإجراء تلك الاستعلامات لأغراض الرقابة الموحدة على مستوى المجموعة المالية التي تشرف عليها الجهة الرقابية.
This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers
Article 24 explained in plain English
This article regulates the exchange of supervisory information between supervisory authorities in the Kingdom and their foreign counterparts, in implementation of paragraph (5) of Article (82) of the Law.
1. Information received from a foreign authority:
- If the supervisory authority obtains information from a foreign counterpart for supervisory purposes, it must obtain that authority's permission before passing the information on or using it.
- If the supervisory authority is obliged to disclose or report the information, it must tell the foreign authority of this obligation immediately.
2. Inquiries for the benefit of a foreign authority:
- The supervisory authority over financial institutions may make inquiries on behalf of foreign counterpart authorities.
- It may, if it sees an interest, authorize those authorities or facilitate for them making the inquiries themselves, for the purposes of consolidated supervision at the level of the financial group it supervises.
The practical meaning is that information exchanged between supervisory authorities is protected by the condition of permission, and that financial institutions belonging to international groups may be subject to inquiries made for a foreign supervisory authority or facilitated by it. The available text does not set out the content of paragraph (5) of Article 82 of the Law.
Financial institutions that receive inquiries of this kind may consult a lawyer specialized in banking and finance.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
How we write and review contentBanking, Finance & Securities lawyers: ask a specialist about your case
Describe your situation briefly and we'll suggest a lawyer who specialises in this law
Banking, Finance & Securities lawyers
Lawyers who handle this kind of case
Dr. Ali Al-Rubaie Law Office and Ittihad Al-Asr Legal Company
Dr. Saleh Altayyar & Partners Law Firm
Frequently asked questions about Article 24 of the Saudi Counter-Terrorism Law Implementing Regulations
May the Saudi supervisory authority use information from a foreign authority?
It must obtain the permission of the foreign counterpart authority before passing on or using that information.
May a foreign supervisory authority make inquiries about a financial institution in the Kingdom?
The supervisory authority in the Kingdom may make the inquiries on its behalf, or authorize it or facilitate it, if it sees an interest, for the purposes of consolidated supervision of the financial group.
More articles on International Cooperation and Extradition
- Article 14
The article provides for enforcing final foreign judgments in terrorism and financing crimes, including confiscation, under the Kingdom's laws, subject to eight conditions in the requesting state's request.
يكون تنفيذ الحكم القضائي الأجنبي النهائي، المتعلق بأي جريمة إرهابية أو جريمة تمويل إرهاب بما فيها الأحكام المتعلقة بمصادرة الأموال أو المتحصلات أو الوسائط المرت
- Article 15
The article identifies the competent authority referred to in Article 62 of the Law for recovering and sharing confiscated funds with states bound by agreements as the Permanent Committee for Legal Assistance Requests at the Ministry of Interior.
يقصد بالجهة المختصة -المشار إليها في المادة (الثانية والستين) من النظام- المعنية باسترداد واقتسام الأموال أو المتحصلات أو الوسائط المصادرة مع الدول التي تربطها
- Article 21
The article identifies the competent authorities referred to in Article 72 of the Law, regulates execution of requests for controlled delivery of funds, and lets the Presidency of State Security allow suspicious funds to pass to identify those involved.
1- الجهات المختصة، المشار إليها في المادة (الثانية والسبعين) من النظام؛ هي النيابة العامة ورئاسة أمن الدولة كل في نطاق اختصاصه، على أن يتم التنسيق -عند الاقتضاء
- Article 22
The article sets what governs surrender of wanted persons under Article 73 of the Law, the dual criminality condition, the information needed to consider a request, and the possibility of refusal with referral to the Public Prosecution.
1- يحكم عملية التسلم والتسليم -المشار إليها في المادة (الثالثة والسبعين) من النظام- الاتفاقيات الثنائية الموقعة بين المملكة والدول الأخرى، أو التزامات المملكة ف
The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.